Research

At B. Riley, our research process is an interactive one where we perform extensive due diligence on companies until the analyst develops the knowledge base and understanding of the company and the industry to make a recommendation. Our analysts continuously monitor industry developments and communicate with the management, competitors, suppliers and customers of the companies we follow, regularly communicating our findings through Research Updates and daily Morning Notes.

While we do not necessarily publish research on all of the companies we review, the knowledge base and understanding of many of our monitored companies parallels that of our covered companies. We actively cover over 100 companies and monitor an additional 100. Our analysts cover small to mid-cap companies that are under-followed or misunderstood by Wall Street. We believe that the pricing of small cap equities is frequently inefficient, and therefore provides the greatest potential rewards to diligent security analysis.

This Week's Research

  • 08/25/16 Update TLYS ($7.65, Buy; $9.50 PT): Q2 Exceeded/Q3 Guide In Line; Positive Comps; Expenses Controlled; Ed Thomas’ Influence Manifesting in Trends, Raising…
  • 08/25/16 Update GSM ($9.99, Neutral; $10.25 PT): Lowering Estimates & PT On Lackluster Silicon Metal Prices; Downgrading to Neutral
  • 08/25/16 Update SMTC ($26.18, Buy; $31.50 PT): Expect Above-Street Performance As Growth Engines Gain Traction; Buy, With $31.50 PT
  • 08/25/16 Morning Note B. Riley AM Note: AMAT, AVGO, CBR, EGHT, FORM, GES, GSM, KTOS, LRCX, SIMO, SMTC, SWKS, TLYS, TNAV; The Weiser Consumer (COTY, EL, PRGO)
  • 08/25/16 Update Industry Update - The Weiser Consumer: Weekly Highlights (COTY, EL, PRGO)
  • 08/25/16 Update AVGO ($175.30, Buy; $200.00 PT): Expect Communications Strength In F3Q and F4Q; Retain Buy Rating And $200.0 PT
  • 08/25/16 Update GES ($17.21, Buy; $21.00 PT): Light Q2 Revenues; EPS/Comp Beat; Mixed Guide, but Still on Track for 2H Inflection; Changes by New CEO Resonating;…
  • 08/24/16 Morning Note B. Riley AM Note: LGF, KIRK
  • 08/24/16 Update KIRK ($12.03, Buy; $15.00 PT): Light Q2/Guide-down; Strong E-com/Weak B&M Traffic; Conversion Decelerated; Lowering Estimates and PT from $21 to $15,…
  • 08/23/16 Update DWA ($40.97, Neutral; $41.00 PT): Discontinuing Coverage Following Completed Acquisition by NBCUniversal
  • 08/23/16 Update AMSWA ($10.98, Buy; $12.50 PT): Q1 ’17 Earnings Preview; Reiterate Buy Rating and $12.50 Price Target
  • 08/23/16 Update ROVI ($20.98, Buy; $31.00 PT): DISH License Renewal Meaningfully Boosts Validity/Value Outlook for ROVI IP; Should Provide Positive ROVI Tailwind…
  • 08/23/16 Morning Note B. Riley AM Note: AMRK, AMSWA, ARTX, DWA, EL, FLWS, INTC, RELY, ROVI
  • 08/23/16 Update INTC ($35.36, Buy; $42.00 PT): Further Intel Developer Forum Takeaways, DIMM’s, Optical, and ADAS; PT Is $42.0, Buy
  • 08/23/16 Update EL ($91.38, Neutral; $94.00 PT): FY17 EPS Guidance Below Consensus; Lowering Estimates
  • 08/22/16 Update ISIL ($15.64, Buy; $17.50 PT): Fiscal Q4 ’16 Preview: Expect Results and Fiscal 2017 Guidance In Line with our Below-Consensus Estimates
  • 08/22/16 Update TUES ($7.44, Neutral; $9.00 PT): Mixed Q4 Metrics; Solidly Positive Comps, GM Up, Offset by SG&A Headwind; New DC Open, Progress; Will take Time;…
  • 08/22/16 Update HIBB ($38.18, Neutral; $42.00 PT): Slight 2Q17 Comp Miss, but EPS Still Modestly Better than Expected; Apparel Turned Negative Again, and Apparel…
  • 08/22/16 Morning Note B. Riley AM Note: BC, FL, HIBB, ISIL, MESG, TUES
  • 08/22/16 Update MESG ($25.00, Neutral; $25.00 PT): Discontinuing Coverage Due to the Successful Completion of the Acquisition by Siris Capital for $25.00/sh
  • 08/22/16 Update BC ($46.79, Buy; $65.00 PT): Mercury Site Visit Highlights Product Leadership & Favorable Demand Trends; Reiterate Buy & $65 PT
  • 08/19/16 Update FL ($68.43, Buy; $80.00 PT): Better-than-Expected 2Q16 Comp/EPS; Sequential Comp Improvement (+4.7% vs. +2.9%) Partly Drive by Improvement in Basketball…
  • 08/19/16 Update AMAT ($29.20; Buy; $39.0 PT): Order And Backlog Surge Lifts Outlook Well Above Street; Increase Ests And PT To $39.0
  • 08/19/16 Update SSI ($5.93, Neutral; $4.80 PT): Q2 Miss/FY16 Guide Maintained; Oil Patch & Peso Malaise Persists; Easier 2H compares, but Signs of Sustainable Recovery…
  • 08/19/16 Morning Note B. Riley AM Note: AMAT, SSI